Search Results for: real estate

UK business leaders predict office downsizing in the coming year

UK business leaders predict office downsizing in the coming year

DownsizingA new independent survey by Accumulate Capital suggests how the COVID-19 pandemic has affected UK businesses and their commercial property needs. The property development firm commissioned an independent survey of more than 500 senior decision-makers from businesses all over the UK and the majority believe there will be a need for downsizing to smaller office spaces in the future. More →

New strategy tackles the post-COVID climate emergency

New strategy tackles the post-COVID climate emergency

COVIDSupported by its Green Building Councils and their members, the WorldGBC (World Green Building Council) network has launched Sustainable Buildings for Everyone, Everywhere — a new strategy to accelerate and mainstream the transformation of built environments around the world. Based on climate science and the Global Goals of Sustainable Development (SDGs), the strategy tackles global warming, health and wellbeing and resource impacts to deliver quality infrastructure — a critical need for our planet, communities and economies in the context of the COVID pandemic.
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Permanent working from home would reduce UK economy by £480 billion

Permanent working from home would reduce UK economy by £480 billion

A new study claims that if British workers do not return to their offices at all, the UK economy could contract by £480 billion. The study from the Centre for Economics and Business Research (CEBR), and led by Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, suggests that in a worst case scenario, the British economy would not return to its size before the coronavirus pandemic until 2025 if people continue working from home as they have over the past few months. More →

Working from home and the future of work. How quaint

Working from home and the future of work. How quaint

In 1962, a professor of communication studies called Everett Rogers came up with the principle we call diffusion of innovation. It’s a familiar enough notion, widely taught and works by plotting the adoption of new ideas and products over time as a bell curve, before categorising groups of people along its length as innovators, early adopters, early majority, late majority, and laggards. It’s a principle bound up with human capital theory and so its influence has endured for over 50 years, albeit in a form compressed by our accelerated proliferation of ideas. It may be useful, but it lacks a third dimension in the modern era. That is, a way of describing the numbers of people who are in one category but think they are in another.

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Job clusters and urban sprawl will become evident post lockdown

Job clusters and urban sprawl will become evident post lockdown

job clustersFor most of us the experience of working from home this year has, on balance, been positive – enough that it may well become the norm after the COVID-19 crisis ends. But modelling by Victoria University’s Centre of Policy Studies shows there will be costs alongside the personal benefits, with more urban sprawl, job clusters with a flight to the biggest cities and greater economic disparities between regions. More →

The challenge for the office is to stay relevant

The challenge for the office is to stay relevant

The world is going through some painful changes at breakneck speed. As a result, the word unprecedented has reached number one spot on our ‘words to avoid’ list. What’s the big deal with unprecedented anyway? Our obsession with all things unprecedented taps into our fear of the unknown. But life itself is an unknown: Life is beta. Nothing is permanent. Every single day things happen that are unprecedented. Damn, said it again. More →

BCO releases lift and escalator guidance for reopening offices

BCO releases lift and escalator guidance for reopening offices

The British Council for Offices (BCO) has published new guidance for the safe use of escalators and lifts, as the country begins to return to the office. The safe use of lifts and escalators has been a priority for the industry, with 90 percent of decision-makers and influencers in the commercial office sector saying they were worried about their safe use. To help solve these headaches, the guidance emphasises the importance of social distancing and strict hygiene measures. More →

Central London office leases fall by over half in second quarter of 2020

Central London office leases fall by over half in second quarter of 2020

According to research from DeVono Cresa, the second quarter of 2020 saw 1.2 million sq. ft of office space leased across central London – a drop of 57 percent on the previous quarter. With the market feeling the full effects of the COVID-19 lockdown, demand, availability and rents in central London all trended as predicted, but with the pace somewhat subdued. Q1 2009, at the time of the Global Financial Crisis (921,000 sq. ft leased), remains the lowest quarter of take-up. More →

A dog`s life in the future of work

A dog`s life in the future of work

Once upon a time. Not so long ago. We used to get ideas for stories on lots of different topics. These included those I often dismissed at the time as quaint, such as somebody’s thoughts on why you should bring your dog to work. Now I often hanker for such whimsy, faced with day 127 of an inbox stuffed with nothing much more than ‘how to return to the office after lockdown’. More →

Remote work and office life go hand in hand in a flexible future

Remote work and office life go hand in hand in a flexible future

serviced offices and remote workThe COVID-19 pandemic changed numerous aspects of how we live and work and led to a massive remote work experiment. A JLL survey of more than 3,000 employees working in multi-national companies across the globe claims that 71 percent of people have  worked from home during the pandemic, and that 58 percent missed the office and 44 percent missed human interaction and socialising with colleagues. The largest cohort who missed the office was the under 35s, or millennials, with 65 percent citing poor home-office environments and missing support from their managers.

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Containing office costs in the post-lockdown era

Containing office costs in the post-lockdown era

office costs after lockdownAs companies transition back to the office and set out on the road to economic recovery, business leaders are focussed on developing resilient and sustainable strategies. Faced with a new business environment, companies are looking for opportunities to contain office costs, both in the short-term and in the future. Some who have been immune from cost pressures in the past are looking to contain if not reduce costs for the first time. And, after a forced trial of remote working, many are viewing their property portfolio in a new light and questioning whether they are paying for more space than they need. More →

Older people are happiest at work

Older people are happiest at work

The latest edition of the annual Age Research by Engaging Works claims that the happiest people in the workplace are those beyond middle age. By comparison, young employees don’t feel rewarded or recognised and feel that their views are not heard at work. They are also more likely to suffer anxiety in the workplace. However, it’s middle aged employees who are struggling the most at work, admitting that they feel the least developed. They also feel that they have a poor feeling of wellbeing at work and that they don’t have enough information to do their job. More →